• Aviva Jana Suraksha Rural Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    The cost of one’s life is truly invaluable. And no matter what, we all want to secure the lives of our loved ones. But with life being full of uncertainties, it is only natural for us to worry about our dependants. With the Aviva Jana Suraksha Plan, you can safeguard the future of your loved ones and ensure that come what may, they are protected financially.

    Aviva Jana Suraksha Plan is a low-cost and affordable policy that can be purchased for a minimum sum insured of Rs.20,000. Dependants are also guaranteed a lump sum amount in the event of the policyholder’s untimely death during the term of the policy. This plan also makes one eligible for tax benefits under Section 80C of the Income Tax Act.

    Eligibility – Who is the Aviva Jana Suraksha Plan for?

    Policyholders who wish to purchase this plan need to keep a few basic eligibility criteria in mind, such as:

    Parameters Criteria for eligibility
    Minimum age at entry 18 years
    Maximum age at entry 45 years
    Maximum age at maturity
    • 50 years for a policy term of 5 years
    • 55 years for a policy term of 10 years

    Sum Assured and Premium Range – What you get and what it costs

    Sum Assured

    Sum Assured is a guaranteed amount of money that you will receive from your insurer, minus the inclusion of any bonus amount that you may be entitled to as part of your policy. The Sum Assured for your Aviva Jana Suraksha Plan depends on the policy term and the premiums that you pay annually to avail this plan.

    Minimum Sum Assured Rs.20,000
    Maximum Sum Assured Rs.50,000

    Premiums

    A premium is an amount of money that you will have to pay to the insurer on a regular basis to keep your coverage and policy benefits active.

    Minimum term of the policy 5 years
    Maximum term of the policy 10 years
    Premium Payment Frequency
    • Annual Premium
    • Single Premium
    • Half-Yearly Premium
    • Quarterly Premium
    • Monthly Premium
    Mode of Premium Payment Cash, Cheque or Demand Draft
    Premium Payment Term Equal to duration of the policy

    Plan Coverage – What the Aviva Jana Suraksha Plan covers

    Parameters Details
    Death Benefit
    • In case the policyholder meets with an untimely death, the Sum Assured will be paid to the nominee.
    • In case of accidental death, double the life cover will be paid to the nominee.
    Tax Benefit Tax benefits are offered as per prevailing tax laws of the Income Tax Act, 1961.
    Maturity Benefit There is no benefit that is payable at maturity.

    Riders/Add-on plans – Additional coverage under the Aviva Jana Suraksha Plan

    There are no riders that are available to policyholders as add-on purchases along with the Aviva Jana Suraksha Plan.

    Exclusions – What the Aviva Jana Suraksha Plan does not cover

    If the policyholder happens to commit suicide within 12 months from the inception of the policy, the beneficiary or nominee is entitled to 80% of the premiums paid, excluding taxes (provided the policy is still in force).

    If the policyholder happens to commit suicide within 12 months after revival of the policy, the beneficiary or nominee will be entitled to receive either 80% of the premiums paid, excluding taxes, or the Surrender Value that the policy has acquired, as available on the date of death, whichever is higher.

    Other Key Features

    Knowing certain features can help you, as a future policyholder, make informed decisions and get the most out of your insurance plan.  

    Grace period In case the policyholder opts for an annual premium, the policyholder is given a 30-day grace period from the due date of the last premium to keep the policy from lapsing with no Surrender Value.
    Free-look period Aviva Jana Suraksha Plan provides policy takers a free-look period of 15 days. If one is not satisfied with the terms and conditions of the policy, they are free to cancel it, and the premium paid by them will be returned after adjusting the sum for stamp value.
    Acceptance Aviva is not liable for any claims made by the policyholder until receipt of premium and issue of acceptance terms.
    Assignment Assignment is allowed as per the provisions of Section 38 of the Insurance Act of 1938.
    Nomination Nomination is allowed as per the provisions of Section 39 of the Insurance Act of 1938.

    Tax Benefits – How you can save with the Aviva Jana Suraksha Plan

    With the Aviva Jana Suraksha Plan, all premiums paid by you are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Tax laws are subject to change, so make sure to consult a tax advisor and keep track of any changes made to the tax rates.

    Why you should buy the Aviva Jana Suraksha Plan

    Aviva Life Insurance Company India Limited is one of the best insurance companies in India. The varied range of insurance products offered by Aviva caters to the needs of every single customer. As of June 2012, Aviva had 43 million customers in over 20 countries. With 108 branches across the country, a Claim Settlement Ratio of 90.60% (for the financial year 2016-2017) and numerous financial advisors across the country, you are guaranteed top-notch service and the best-in-class benefits.

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